A Cairo criminal court has postponed its verdict in a corruption case against Six of October Development & Investment Company (SODIC) until 25 December, as lawyers asked presiding judges to check the authenticity of documents related to the case.
Former housing minister Ibrahim Suleiman and former SODIC chairman Magdi Rasekh – who is also father-in-law to ex-presidential scion Alaa Mubarak – stand accused of violating laws regulating tenders and auctions. Four former officials of the government-run New Urban Communities Authority face similar charges.
Suleiman has been charged with helping Rasekh acquire state land at fire-sale prices, costing the state a total of LE970 million in lost revenues. Rasekh fled the country in July.